Markets

The latest financial stability report ranks Tesla, Kung Long Batteries, Mustang Battery, Eaton, and Hyundai Electric in the top five spots out of 55 manufacturers.

The company opened an inverter factory in the Manaus Free Trade Zone with a capacity of 1.8 GW, or 300,000 units per year. In the second phase, it plans to bring in the production of hybrid inverters and lithium batteries as well as chargers for electric vehicles and motors for electric boats. The company will have distribution centers in Curitiba and Fortaleza to ensure rapid delivery of equipment to the domestic market, with a minimum warranty of 10 years.

This week, Women in Solar Europe (WiSEu) gives voice to Soledad Andrade, Business Development and Operations Specialist at Spain’s Youdera. She says, in its early days, she was often the only woman in meetings or on-site visits, making it harder to prove her value. However, as more women join the sector, it has become a more comfortable and supportive environment for development and growth.

The Indian manufacturer is expanding its solar panel production capacity to 4 GW annually, up from a current 1 GW. It is also setting up manufacturing capacities for 12,000 MT of aluminum framing and 1.4 GW of PV cells. The new capacities will be commissioned during fiscal year 2024-25.

According to the country’s Mining and Energy Planning Unit, of all the projects currently operating in Colombia that it is aware of, 10,672 MW are photovoltaic, followed by 8,452 MW of wind, 1,973.9 MW hydraulic, 672 MW thermal and 42.7 MW biomass.

The UAE’s Emirates Water and Electricity Company (EWEC) says 27 companies and consortiums that expressed interest in developing the project qualified for this stage of the tender.

Lightsource bp has announced its joint venture company Ameresco Sunel Energy SA as the EPC contractor and O&M provider for its 560 MW solar project in mainland Greece. The project has been billed as one of Europe’s largest solar sites.

Liberia Electricity Corporation is searching for consultants to support the construction of a 20 MW solar plant, to be located alongside an existing 88 MW hydropower facility.

The PFV Las Salinas stages 1, 2 and 3, which totals 205 MW, will operate jointly with the 112 MW Sierra Gorda Este wind farm and will be the largest industrial-scale hybrid renewable generation center in the country, according to Enel.

The winning developers will set up renewable energy projects backed with energy storage system to supply a cumulative 630 MW of firm and dispatchable renewable power in a demand-following manner.